Strawberry Fields REIT, Inc. (NYSEAMERICAN:STRW) to Issue Quarterly Dividend of $0.17

Key Points

• Strawberry Fields REIT declared a quarterly dividend of $0.17 per share, payable on June 30 to shareholders of record on June 16. That is a 6.3% increase from the prior quarterly dividend of $0.16.
• The dividend implies an annualized yield of about 5.3%, but the company’s current payout ratio is 123.1%, indicating earnings alone do not fully cover the dividend right now.
• The company recently reported Q1 EPS of $0.17, beating analyst estimates of $0.15, while revenue came in slightly below expectations at $39.98 million.

Strawberry Fields REIT, Inc. (NYSEAMERICAN:STRW - Get Free Report) declared a quarterly dividend on Friday, May 8th. Shareholders of record on Tuesday, June 16th will be given a dividend of 0.17 per share on Tuesday, June 30th. This represents a c) annualized dividend and a yield of 5.3%. The ex-dividend date is Tuesday, June 16th. This is a 6.3% increase from Strawberry Fields REIT's previous quarterly dividend of $0.16.

Strawberry Fields REIT has a payout ratio of 123.1% meaning the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Analysts expect Strawberry Fields REIT to earn $1.59 per share next year, which means the company should continue to be able to cover its $0.64 annual dividend with an expected future payout ratio of 40.3%.

Strawberry Fields REIT Stock Down 1.0%

STRW traded down $0.13 during trading on Friday, hitting $12.82. 24,868 shares of the company's stock were exchanged, compared to its average volume of 26,711. The stock has a market cap of $171.53 million, a P/E ratio of 21.02 and a beta of 0.43. Strawberry Fields REIT has a fifty-two week low of $9.46 and a fifty-two week high of $14.00. The business's 50 day moving average is $12.63 and its two-hundred day moving average is $12.64.

Strawberry Fields REIT (NYSEAMERICAN:STRW - Get Free Report) last issued its quarterly earnings data on Friday, May 8th. The company reported $0.17 EPS for the quarter, topping the consensus estimate of $0.15 by $0.02. The firm had revenue of $39.98 million during the quarter, compared to the consensus estimate of $40.28 million. Strawberry Fields REIT had a return on equity of 11.35% and a net margin of 4.89%. On average, sell-side analysts forecast that Strawberry Fields REIT will post 1.41 earnings per share for the current year.

Strawberry Fields REIT Company Profile

Strawberry Fields REIT, Inc, is a self-administered real estate investment trust engaged in the ownership, acquisition, development and leasing of skilled nursing and certain other healthcare-related properties. The Company's portfolio includes 109 healthcare facilities with an aggregate of 12,449 bed, located throughout the states of Arkansas, Illinois, Indiana, Kentucky, Michigan, Ohio, Oklahoma, Tennessee and Texas. The 109 healthcare facilities comprise 99 skilled nursing facilities, eight assisted living facilities, and two long-term acute care hospitals.

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